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Res 02-01RESOLUTION NO. 2-01 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORIDA, AUTHORIZING THE CITY TO PURCHASE FROM SELLER CERTAIN REAL PROPERTY IN THE CITY OF DELRAY BEACH, DESCRIBED AS TRACT O, TROPIC PALMS PLAT 1, AS MORE PARTICULARLY DESCRIBED HEREIN, WHICH PROPERTY IS LOCATED JUST WEST OF THE F.E.C. RAILROAD BETWEEN LINDELL BOULEVARD AND THE LEON M. WEEKES ENVIRONMENTAL PRESERVE, HEREBY INCORPORATING AND ACCEPTING THE CONTRACT AND TERMS OF THE CONTRACT FOR SALE AND PURCHASE BETWEEN THE CITY OF DELRAY BEACH AND WALTER & GEORGINE T. WHEREAS, the City of Delray Beach, Florida, wishes to acquire Tract O, Tropic Palms Plat 1, for the municipal purpose of providing a detention pond for drainage improvements to be constructed on Albatross Road; and WHEREAS, the Seller hereinafter named desires to sell the property hereinafter described to the City of Delray Beach, Florida; and WHEREAS, it is in the best interest of the City of Delray Beach to purchase said property for the purpose described above. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORIDA, AS FOLLOWS: Section 1. That the City Commission of the City of Delray Beach, Florida, as Buyer, hereby agrees to enter into a contract with Walter & Georgine T. Hahn, as Seller, in order to acquire certain real property in the City of Delray Beach, for the purchase price of Eighty-Five Thousand Dollars (US$85,000.00), and other good and valuable consideration; said property being more particularly described as follows: Tract O, Tropic Palms Plat 1, as recorded in Plat Book 25, Page 99, of the Public Records of Palm Beach County, Florida. The subject property is located just west of the F.E.C. Railroad between Lindell Boulevard and the Leon M. Weekes Environmental Preserve. Section 2. That the costs of closing and transactions, title insurance, document preparation and attorney's fees shall be borne by the City of Delray Beach, Florida. Section 3. That the terms and conditions contained in the aforementioned contract for sale and purchase and addenda thereto between the City of Delray Beach, Florida, and the Seller as hereinabove named, are hereby incorporated herein as Exhibit "A" and can be further reviewed in the office of the City Clerk, 100 N.W. 1st Avenue, Delray Beach, Florida. PASSED AND ADOPTED in regularas, esslon on this 2n~! day of January, 2001. MAYOR ATTEST: 2 Res. No. 2-01 CURLEW RD CURLEW ROAD LEON WEEKES EN VIRO. PRESERVE DELRA Y K/A DELRA Y TOYOTA MORSE SA TURN MOBILE HOMES DUMAR PLAZA SHER WOOD HONDA MOBILE HOMES DELRA Y SHOPPING CENTER AVOCET VARD LINDfZLL BLVD. JE L CANAL POINT N THE POINT HARBOR SHOPPES TROPIC ISLE DR. UELICAN POINTE CONDO CITY OF BOCA RA TON ;ANAL CiTY OF DELRAY BEACH. FL PLANNING z,- ZONING DEPARTMENT WALTER HAHN'S PROPERTY -- DIGITAl B.,4$E MAP SYSTEM -- MAP REF- LM4.90 CITY OF 9ELRflY BEI:II:H CITY ATTORNEY'S OFFICE DELRA¥ BEACH 200 NW 1st AVENUE · DELRAY BEACH, FLORIDA 33444 TELEPHONE 561/243-7090 · FACSIMILE 561/278-4755 Writer's Direct Line: 5611243-7091 AlI.Amedca City 1993 DATE: TO: FROM: December 20, 2000 City Commission Brian Shutt, Assistant City Attorney SUBJECT: Sale and Purchase of Hahn Property The purchase of this property would allow the City to install drainage improvements along Albatross Road. This property is located on the north side of Lindell Boulevard just west of the FEC railroad tracks. The essemial terms of the purchase are as follows: 2. 3. 4. The City shall purchase the property for $85,000.00. The closing date shah be prior to February 20, 2001. The City will pay for title insurance and recording of the deed. The Seller shall pay all documentary stamps and the cost of any cure to the title and satisfaction of an existing mortgage, if any. Please call if you have any questions regarding the Comract for Sale and Purchase. By copy of this memorandum to David Harden, our office requests that the Contract for Sale and Purchase be placed on the January 2, 2001 City Commission agenda. Attachment CC: David Harden, City Manager Alison MacGregor Harty, City Clerk Randal Krejcarek, City Engineer 12/22/00 FRI 11:51 FA~ 561 243 7314 £1'~NIRON~BNTAL SRV. DEPT. City Of Delray Beach Department of Environmental Services M E M 0 R A N D U M [~OOl TO: FROM: David T. Harden Randal L. Krejcarek, P.E. DATE: 22 December, 2000 SUBJECT: Purchase of Walter Hahn Property Project 2000-045 Brian Shutt is sending you an agenda item for the purchase of Walter Hahn's property. This property is located just west of the FEC Railroad, between Lindell Boulevard and Leon Weeks Environmental Preserve. As we discussed several weeks ago at DSMG, this property will be utilized as a detention pond for the drainage improvements to be constructed on Albatross Road. The parcel, which is approximately 32,000 square feet, was appraised at $75,000.00. Mr. Hahn was asking for $85,000.00 and the decision was made to pay him the asking price. The attached map shows the location of this property. Please place this item on the 02 Jan 2001 commission agenda. Thank you. enc Bill Grieve, Civil Engineer Bdan Shutt, Assistant file llESSRVOO2t, DEPARTMENTStEngAdminIFYojectst2000~2000-O45V. ETTERSV~ahn propOl.doc CONTRACT FOR SALE AND PURCHASE WALTER & GEORGINE T. HAHN, ("Sellers"), of Windermere, Florida, and CITY OF DELRAY BEACH, a Florida municipal corporation, ("Buyer"), hereby agree that the Buyer shall buy the following real property ("Real Property") upon the following terms and conditions: I. DESCRIPTION: Tract O, Tropic Palms Plat 1, as recorded in PB 25, page 99, of the public records of Palm Beach County, Florida. II. PURCHASE PRICE ................ $85,000.00 III. TIME FOR ACCEPTANCE; EFFECTIVE DATE: If this offer is not executed by and delivered to all parties OR FACT OF EXECUTION communicated in writing between the parties on or before January 17, 2001, the offer will, at Buyer's option, be withdrawn. The date of this Contract ("Effective Date") will be the date when the last one of the Buyer and the Seller has signed this offer. IV. TITLE EVIDENCE: At least 7 days before closing date, Buyer shall obtain a title insurance commitment. V. CLOSING DATE: This transaction shall be closed and the deed and other closing papers delivered on or before February 20, 2001, unless extended by other provisions of Contract. VI. RESTRICTIONS; EASEMENTS; LIMITATIONS: Buyer shall take title subject to: zoning, restrictions, prohibitions and other requirements imposed by governmental authority; restrictions and matters appearing on the plat or otherwise common to the subdivision; public utility easements of record (easements are to be located contiguous to Real Property lines and not more than 10 feet in width as to the rear or front lines and 7 1/2 feet in width as to the side lines, unless otherwise specified herein); taxes for year of closing and subsequent years; assumed mortgages and purchase money mortgages, if any; provided, that there exists at closing no violation of the foregoing and none of them prevents the use of Real Property for residential purpose. VII. OCCUPANCY: Seller warrants that there are no parties in occupancy other than Seller, but if Property is intended to be rented or occupied beyond closing, the fact and terms thereof shall be stated herein, and the tenant(s) or occupants disclosed pursuant to Standard D. Seller agrees to deliver occupancy of Property at time of closing unless otherwise stated herein. If occupancy is to be delivered before closing, Buyer assumes all risk of loss to Property from date of occupancy, shall be responsible and liable for maintenance from that date, and shall be deemed to have accepted Property in their existing condition as of time of taking occupancy unless otherwise stated herein or in a separate writing. VIII. TYPEWRITTEN OR HANDWRITTEN PROVISIONS: Typewritten or handwritten provisions shall control all printed provisions of Contract in conflict with them. IX. ASSIGNABILITY: Buyer may not assign Contract. X. RIGHT OF FIRST REFUSAL: The instrument of conveyance from Seller to Buyer shall provide that any future conveyance of the property described above, for a period of fifteen (15) years, shall be subject to a right of first refusal by the Seller governed by the following terms and conditions: (The terms Buyer and Seller refer to the terms as defined in this agreement.) In the event Buyer receives a bona-fide offer to purchase the Real Property, or any part thereof, in an arms-length transaction ("Offer") which Buyer wishes to accept within the fifteen (15) year period, the Seller sha,: have a first right of refusal to purchase such Real Property upon the same terms and conditions contained in the Offer. In the event of the receipt of an Offer Buyer shall present to the Seller a true copy of the Offer which Buyer intends to accept. Upon Buyer's delivery of the Offer to Seller, Seller shall have ten (10) days thereafter within which to elect to exercise its right of first refusal by the delivery of written notice to Buyer of its exercise of its right of first refusal to the Property in accordance with the terms and conditions contained in the Offer and this Section. The closing between Buyer and Seller under the first refusal shall occur within ten (10) days following the Seller's timely exercise of its right of first refusal. In the event the Seller fails to timely exercise its first right of refusal, the right of refusal shall terminate and Buyer shall be free to close under the Offer pursuant to the terms of the Offer and such right of first refusal shall not thereafter run with land and shall immediately terminate upon the conveyance by Buyer to such third party. In the event the offer is for less than all of the Real Property, this right of first refusal shall continue as to the remainder of the Real Property. STANDARDS FOR REAL ESTATE TRANSACTIONS A. Evidence of Title: A title insurance commitment issued by a Florida licensed title insurer agreeing to issue to Buyer, upon recording of the deed to Buyer, an owner's policy of title insurance in the mount of the purchase price, insuring Buyer's title to real property, subject only to liens, encumbrances, exceptions or qualification set forth in this agreement and those whmh shall be discharged by Seller at or before closing. Seller shall convey a marketable title subject only to liens, encumbrances, exceptions or qualifications set forth in this agreement and those which shall be discharged by Seller at or before closing. Marketable title shall be determined according to applicable title standards adopted by authority of The Florida Bar and in accordance with law. If title is found defective, Buyer shall notify Seller in writing spemfying defect(s). If the defect(s) render title unmarketable, Seller will have one hundred twenty (120) days from receipt of notice within which to remove the defect(s), failing which Buyer shall have the option of either accepting the title as it then is or demanding a refund of deposit(s) paid which shall immediately be returned to Buyer; thereupon Buyer and Seller shall release one another of all further obligauons under the agreement. Seller will, if title is found unmarketable, use diligent effort to correct defect(s) in title within the time provided therefor, including the bringing of necessary suits. B. Survey: Buyer, at Buyer's expense, within time allowed to deliver evidence of title and to examine same, may have real property surveyed and certified by a registered Florida surveyor. If survey shows encroachment on real property or that improvements located on real property encroach on setback lines, -2- easements, lands of others, or violate any restrictions, agreement covenants or applicable governmental regulation, the same shall constttutea tale detect. C. Ingress and Egress: Seller warrants and represents that there is regress and egress to the real property sufficient for the intended use as descrtbed hereto, title to which is tn accordance with Standard A. D. Leases: Seller shall, not less than fifteen (15) days before closing, furnish to Buyer copies of all written leases and estoppel letters from each tenant specifying the nature and duration of the tenant's occupancy, rental rates, advanced rent and security deposits paid by tenant. If Seller ts unable to obtain such letter from each tenant, the same information shall be furnished by Seller to Buyer within that time period in the form of a Seller's affidavit, and Buyer may thereafter contact tenants to confirm such information. Seller shall, at closing, deliver and assign all original leases to Buyer. E. Liens: Seller shall furnish to Buyer at time of closing an affidavtt attesting to the absence, unless otherwise provided for hereto, of any financing statements, claims of lien or potential lienors known to Seller and further attesting that there h.t~e been no improvements or repairs to property for ninety (90) days immediately preceding date of closing. If property has been improved, or repaired within that time, Seller shall deliver releases or waivers of mechanics' liens executed by all general contractors, subcontractors, suppliers, and materialmen in addition to Seller's lien affidavit setting forth the names of all such general contractors, subcontractors, suppliers and materialmen and further affirming that all charges for tmprovements or repairs which could serve as a basis for a mechanic's line or a claim for damages have been paid or will be paid at closing. F. Place of Closing: Closing shall be held in the county where real property is located, at the office of the attorney or other closing agent designated by Buyer. G. Time: Time is of the essence of this agreement. Time periods herein of less than six (6) days shall in the computation exclude Saturdays, Sundays and state or national legal holidays, and any time period provided for herein which shall end on Saturday, Sunday or legal holiday shall extend to 5:00 p.m. of the next business day. Documents for Closing: Seller shall furnish deed, bill of sale, mechanic's lien affidavit, assignments of leases, tenant and mortgagee estoppel letters, and corrective instruments. Buyer shall furnish closing statement, mortgage, mortgage note, security agreement, and financial statements. I. Expenses: Documentary stamps on the deed shall be paid by Seller. J. Prorations; credits: Taxes, assessments, rent, interest, insurance and other expenses and revenue of property shall be prorated through day before closing. Buyer shall have the option to taking over any existing policies of insurance, if assumable, in which event premiums shall be prorated. Cash at closing shall be increased or decreased as may be required by prorattons. Prorations will be made through day prior to occupancy if occupancy occurs before closing. Advance rent and security deposits will be credited to Buyer and escrow deposits held by mortgagee wtll be credited to Seller. Taxes shall be prorated based on the current year's tax with due allowance made for maximum allowable discount,homestead and other exemptions. If closing occurs at a date when the current year's milage is not fixed, and current year's assessments is available, taxes will be prorated based upon such assessment and the prior year's mflage. If current year's assessment is not available, then taxes will be prorated on the prlor year's tax. If there are completed improvements on real property by lanuary 1st of year of closing which tmprovements were not tn existence on January 1st of the prior year then taxes shall be prorated based upon the prtor year's milage and at an equitable assessment to be agreed upon between the parties, faihng which, request wtll be made to the County Property Appraiser for an informal assessment taking into consideration available exemptions. Any tax proration based on an estimate may, at -3- request of either Buyer or Seller, be subsequently readjusted upon receipt of tax bill on condition that a statement to that effect is in the closing statement. K. Special Assessment Liens: Certified, confirmed and ratified special assessment liens as of date of closing (and not as of Effective Date) are to be paid by Seller. Pending liens as of date of closing shall be assumed by Buyer. if the improvement has been substantially completed as of Effective Date, such pending lien shall be considered as certified, confirmed or ratified and Seller shall, at closing, be charged an amount equal to the last estimate of assessment for the improvement by the public body. L. Inspection~ Repair and Maintenance: Seller warrants that, as of ten (10) days prior to closing, the ceiling, roof (including the fascia and soffits) and exterior and interior walls do not have any VISIBLE EVIDENCE of leaks or water damage and that the septic tank, pool, all major appliances, heating, cooling, electrical, plumbing systems and machinery are in WORKING CONDITION. Buyer may, at Buyer's expense, having inspections, made of those items by an appropriately Florida license person dealing m the construction, repair or maintenance of those items and shall report in writing to Seller such items that do not meet the above standards as to defects together with :he cost of correcting them, prior to Buyer's occupancy or not less than ten (10) days prior to closing, whichever occurs first. Unless Buyer reports such defects within that time Buyer shall be deemed to have waived Seller's warranties as to defects not reported. If repairs or replacement are required, Seller shall pay up to three percent (3%) of the purchase price for such repairs or replacements by an appropriately Florida licensed person selected by Seller. If the cost for such repairs or replacement exceeds three percent (3%) of the purchase price, Buyer or Seller may elect to pay such excess, failing which either party may cancel this agreement. If Seller is unable to correct the defects prior to closing, the cost thereof shall be paid into escrow at closing. Seller will, upon reasonable notice, provide utilities service for inspections. Between the effective date and the closing, Seller shall maintain property including but not limited to the lawn and shrubbery, in the condition herein warranted, ordinary wear and tear excepted. Buyer shall be permitted access for inspection of property prior to closing in order to confirm compliance with this standard. M. Risk of Loss: If the property is damaged by fire or other casualty before closing and cost of restoration does not exceed the purchase price of the property so damaged, cost of restoration shall be an obligation of the Seller and closing shall proceed pursuant to the term so the agreement with restoration costs escrowed at closing. If the cost of the restorauon exceeds three percent (3%) of the assessed valuation of the improvements so damaged, Buyer shall have the option of either taking property as is, together with either the three percent (3%) or any insurance proceeds payable by virtue of such loss or damage, or of canceling the agreement and receiving return of deposit(s). N. Escrow: Any escrow agent CAgent~) receiving funds or equivalent is authorized and agrees by acceptance of them to deposit them promptly, hold same in escrow and, subject to clearance, disburse them in accordance with terms and conditions of agreement. Failure of clearance of funds shall not excuse Buyer's performance. If in doubt as to Agent's duties or liabilities under the provisions of agreement, Agent may, at Agent's option, continue to hold the subject matter of the escrow until the parties mutually agree to its disbursement, or until a judgment of a court of competent jurisdiction shall determine the rights of the parties or Agent may deposit with the clerk of the circuit court having jurisdiction of the dispute. Upon notifying all parties concerned of such action, all liability on the part of Agent shall fully terminate, except to the extent of accounting for any items previously delivered out of escrow. If a licensed real estate broker, Agent will comply with provisions of Chapter 475, F.S. (1997), as amended. Any suit between Buyer and Seller where Agent is made a party because of acting as Agent hereunder, or in any suit wherein Agent interpleads the subject matter of the escrow, Agent shall recover reasonable attorney's fees and costs incurred with the fees and costs to be charged and assessed as court costs in favor of the prevailing party. Parties agree that Agent shall not be liable to any party or person for misdelivery to Buyer or Seller of items subject to this escrow, unless such misdelivery is due to willful breach of contract or gross negligence of Agent. O. Failure of Performance: If Buyer fails to perform this Contract within the time specified (including payment of all deposit(s)), the deposit(s) paid by Buyer may be retained by or for the account -4- of Seller as agreed upon liquidated damages, consideration for the execution of this Contract and in full settlement of any claims; whereupon, Buyer and Seller shall be relieved of all obligations under Contract; or Seller, at Seller's option, may proceed in equity to enforce Seller's rights under this Contract. If, for any reason other than failure of Seller to make Seller's utle marketable after diligent effort, Seller fails, neglects or refuses to perform this Contract, the Buyer may seek specific pertbrmance or elect to recetve the return of Buyer's deposit(s) without thereby waiving any action for damages resuRmg from Seller's breach. P. Agreement Not Recordable; Persons Bound; Notice: Neither this agreement nor any notice of it shall be recorded in any public records. This agreement shall bind and enure to the benefit of the parties and their successors in interest. Whenever the context permits, singular shall include plural and one gender shall include all. Notice given by or to the attorney for any party shall be as effective as ff given by or to that party. Q. Conveyance: Seller shall convey the property by way of Warranty Deed subject to an easement for any utilities that may exist and lie on the property, R. Other Agreements: No prior or present agreements or representations shall be binding upon Buyer or Seller unless included in this Contract. No modification or change m thru Contract shall be valid or binding upon the parties unless in writing and executed by the party or parties intended to be bound by it. S. Warranties: Seller warrants that there are no facts known to Seller materially affecting the value of the real property which are not readily observable by Buyer or which have not been disclosed to Buyer. BUYER: City of Delray Beach SELLERS: By: By: Mayor, David Schmidt Walter Hahn ATTEST: By: City Clerk By: Georgine T. Hahn Approved as to Form: By: City Attorney State of Florida County of Palm Beach The foregoing instrument was acknowledged before me this ~ 200_ by WALTER HAHN, who is personally known to me .(type of identification) and who did (did not) take an oath. day of , or who has produced Signature of Notary Public- -5- State of Florida State of Florida County of Palm Beach The foregoing instrument was acknowledged before me this ~ day of , 200_ by GEORGINE T. HAHN, who is personally known to me or who has produced (type of identification) and who did (did not) take an oath. Signature of Notary Public- State of Florida -6- · .12/22/00 FRI 11:52 FAX 561 243 7314 ENVIRONIIENTAL SRV. DEPT. ~002 8"XRLT $1'O~dWAIE.q INLET LOC ARE' BASED ON ]}.1£ BE' fINAL OE~GN ,kNO LOC., 8Y THE DETAILEO D~I(; 260 TOP DIMENSIONS ~ ~ X 80' ~T S~t~. 15,0 80TTOM filMINeSS - ,,~0' x 40' AT ~. ~5 BOTT~ ~Y, AT 9,5 ~ ~[T ~C DRY ~ EL LF' ~0' RCP RIM EL 120 I Tuesday, December 26, 2000 7B CLASSIFIED ~ Nm TuesdaY, December 19, 2000 ,CLASSIFIED LEGAL NOTICES mct O, Tropc Palms Plat 1, as recom- ~nd Ooltars (US $85,000 00) and is I~e oo~ract ~ file wl~ ~e CI~ r2,er~ R Resolu~on of rte City Com~s~on m~thorizing rte purc~ cd property ~ Incoql4N'at~ng b~e terms and condi- tion at a regular rneeUng to be ~ld on set ~the Con~) at 6~0 p m in t the Cemmlss~ Chambers at CJty Ha,, IOONW 1 st Aveflue, gelray Beaci~, ' "CITY 06 DELRAY BEACH CITY OF DELRAY BEACH, FLORIDA NOTICE OF INTENT TO ACQUIRE REAL PROPERTY NOTICE IS HEREBY GIVEN that the City of Delray Beach, Florida, has determined it to be in the best interests of the City to purchase certain real property for municipal purposes, more particularly described as follows: Tract O, Tropic Palms Plat 1, as recorded in Plat Book 25, Page 99, of the Public Records of Palm Beach County, Florida. The purchase is for Eighty-Five Thousand Dollars (US$85,000.00) and is subject to the terms and conditions of the contract on file with the City Clerk. A Resolution of the City Commission of the City of Delray Beach, Florida, authorizing the purchase of property and incorporating the terms and conditions of such purchase will be considered for adoption by the City Commission at a regular meeting to be held on Tuesday, January 2, 2001 (or at any continuation of such meeting which is set by the Commission) at 6:00 p.m. in the Commission Chambers at City Hall, 100 N.W. 1st Avenue, Delray Beach, Florida. PUBLISH: Delray Beach News CITY OF DELRAY BEACH December 19, 2000 Alison MacGregor Harty December 26, 2000 . City Clerk . . Instructions to Newspaper: This is a standard legal ad to be placed in the legal/classified section. Thank you. Ref.'Notice of Intent to Acquire. Tract O.Trop~c Palms Plat I [ITY OF DELRRY BEREH CITY ATTORNEY'S OFFICE DELRAY BEACH 200 NW 1st AVENUE · DELRAY BEACH, FLORIDA 33444 TELEPHONE 561/243-7090 · FACSIMILE 561/278-4755 Writer's Direct Line: 561/243-7091 dUkklw~ C~y 1993 DATE: December 11, 2000 TO: FROM: Alison Harty, City Clerk Brian Shutt, Assistant City Attorney SUBJECT: Purchase of Hahn Property The City wishes to purchase the property as outlined in the attached contract for sale and purchase. I would like for this item to be on the January 2, 2001 City Commission agenda. Pursuant to our phone conversation, please publish this on December 19 and 26. Please call if you have any questions. RECEIVED CTTY CLERK CONTRACT FOR SALE AND PURCHASE WALTER & GEORGINE T. HAHN, ("Sellers"), of Windermere, Florida, and CITY OF DELRAY BEACH, a Florida municipal corporation, ("Buyer"), hereby agree that the Buyer shall buy the following real property ("Real Property") upon the following terms and conditions: DESCRIPTION: Tract O, Tropic Palms Plat 1, as recorded in PB 25, page 99, of the public records of Palm Beach County, Florida. PURCHASE PRICE ................ $85,000.00 III. TEME FOR ACCEPTANCE; EFFECTIVE DATE: If this offer is not executed by and delivered to all parties OR FACT OF EXECUTION communicated in writing between the parties on or before ~Ianuary 17, 2001, the offer will, at Buyer's option, be withdrawn. The date of this Contract ("Effective Date") will be the date when the last one of the Buyer and the Seller has signed this offer. IV. TITLE EVIDENCE: At least 7 days before closing date, Buyer shall obtain a title insurance commitment. V. CLOSING DATE: This transaction shall be closed and the deed and other closing papers delivered on or before February 20, 2001, unless extended by other provisions of Contract. VI. RESTRICTIONS; EASEMENTS; LIMITATIONS: Buyer shall take title subject to: zoning, restrictions, prohibitions and other requirements imposed by governmental authority; restrictions and matters appearing on the plat or otherwise common to the subdivision; public utility easements of record (easements are to be located contiguous to Real Property lines and not more than 10 feet in width as to the rear or front lines and 7 Ih feet in width as to the side lines, unless otherwise specified herein); taxes for year of closing and subsequent years; assumed mortgages and purchase money mortgages, if any; provided, that there exists at closing no violation of the foregoing and none of them prevents the use of Real Property for residential purpose. ~ VII. OCCUPANCY: Seller warrants that there are no parties in occupancy other than Seller, but if Property is intended to be rented or occupied beyond closing, the fact and terms thereof shall be stated herein, and the tenant(s) or occupants disclosed pursuant to Standard D. Seller agrees to deliver occupancy of Pr6perty at time of closing unless otherwise stated herein, ff occupancy is to be delivered before closing, Buyer assumes all risk of loss to Property from date of occupancy, shall be responsible and liable for maintenance from that date, and shall be deemed to have accepted Property in their existing condition as of time of taking occupancy unless otherwise stated herein or in a separate writing. IZ, uu/uu ~qz~ 10:64 I-..~X.561 ~78 4755 DEL I~ICH CT~ ATT¥ ~]00~ VIII. TYPEWRITTEN OR HANDWRITTEN PROVISIONS: Typewritten or handwritten provisions shall control all printed provisions of Contract in conflict with them. IX. ASSIGNABILITY: Buyer may not assign Contract. X. RIGHT OF FIRST REFUSAL: The instrument of conveyance from Seller to Buyer shall provide that any future conveyance of the property described above, for a period of fifteen (15) years, shall be subject to a right of first refusal by the Seller governed by the following terms and conditions: (The terms Buyer and Seller refer to the terms as defined in this agreement.) In the event Buyer receives a bona-fide offer to purchase the Real Property, or any part thereof, in an arms-length transaction ("Offer") which Buyer wishes to accept within the fifteen (15) year period, the Seller shall have a first right of refusal to purchase such Real Property upon the same terms and conditions contained in the Offer. In the event of the receipt of an Offer Buyer shall present to the Seller a true copy of the Offer which Buyer intends to accept. Upon Buyer's delivery of the Offer to Seller, Seller shall have ten (10) days thereafter within which to elect to exercise its right of first refusal by the delivery of written notice to Buyer of its exercise of its right of first refusal to the Property in accordance with the terms and conditions contained in the Offer and this Section. The closing between Buyer and Seller under the f'u'st refusal shall occur within ten (10) days following the Seller's timely exercise of its right of first refusal. In the event the Seller fails to timely exercise its first right of refusal, the right of refusal shall terminate and Buyer shall be free to close under the Offer pursuant to the terms of the Offer and such right of first refusal shall not thereafter run with land and shall immediately terminate upon the conveyance by Buyer to such third party. In the event the offer is for less than all of the Real Property, this right of tn'st refusal shall continue as to the remainder of the Real Property. STANDARDS FOR REAL ESTATE TRANSACTIONS A. Evidence of Title: A title insurance commitment issued by a Florida licensed title insurer agreeing to issue to Buyer, upon recording of the deed to Buyer, an owner's policy of title insurance in the amount of the purchase price, insuring Buyer's title to real property, subject only to liens, encumbrances, exceptions or qualification set forth in this agreement and those which shall be discharged by Seller at or before closing. Seller shall convey a marketable title subject only to liens, encumbrances, exceptions or qualifications set forth in this agreement and those which shall be discharged by Seller at or before closing. Marketable rifle shall be determined according to applicable title standards adopted by authority of The Florida Bar and in accordance with law. If title is found defective, Buyer shall notify Seller in writing specifying defect(s). If the defect(s) render title unmarketable, Seller will have one hundred twenty (120) days from receipt of notice within which to remove the defect(s), failing which Buyer shall have the option of either accepting the title as it then is or demanding a refund of deposit(s) paid which shall immediately be returned to Buyer; thereupon Buyer and Seller shall release one another of all further obligations under the agreement. Seller will, if title is found unmarketable, use diligent effort to correct defect(s) in title within the time provided therefor, including the bringing of necessary suits. B. Survey: Buyer, at Buyer's expense, within time allowed to deliver evidence of title and to examine same, may have real property surveyed and certified by a registered Florida surveyor. If survey shows encroachment on real property or that improvements located on real property encroach on setback lines, 12/06/00., ~$'ED ~0:36 FAX 561 278 4755 DEL BCH CTY ATTY ~004 easements, lands of others, or violate any restrictions, agreement covenants or applicable governmental regulation, the same shall constitute a title defect. C. Ingress and Er, rea: Seller warrants and represents that there is ingress and egress w thc real property sufficient for the intended use as described herein, title to which is in accordance with Standard A. D. Leases: Seller shall, not less than fifteen (15) days before closin$, furnish to Buyer copies of all written leases and estoppel letters from each tenant specifying the nature and duration of the tenant's occupar~y, rental rates, advanced rent and security deposits paid by tenant. If Seller is unable to obtain such letter from each tenant, the same information shall be furnished by Seller to Buyer within that time period in the form of a Seller's affidavit, and Buyer may thereafter contact tenants to confirm such information. Seller shall, at closing, deliver and assign all original leases to Buyer. E. Liens: Seller shall furnish to Buyer at time of closing an affidavit attesting to the absence, unless otherwise provided for herein, of any financing statements, claims of lien or potential lienors known to Seller and further attesting that there have been no improvements or repairs to property for ninety (90) days immediately preceding date of closing. If property has been improved, or repaired within that time, Seller shall deliver releases or waivers of mechanics' liens executed by all general contractors, subcontractors, suppliers, and materialmen in addition to Seller's lien affidavit setting forth the names of all such general contractors, subcontractors, suppliers and materialmen and further affu'ming that all charges for improvements or repairs which could serve as a basis for a mechanic's line or a claim for damages have been paid or will be paid at closing. F. Place of Closing: Closing shall be held in the county where real property is located, at the office of the attorney or other closing agent designated by Buyer. O. Time: Time is of the essence of this agreement. Time periods herein of less than six (6) days shall in the computation exclude Saturdays, Sundays and state or national legal holidays, and any time period provided for herein which shall end on Saturday, Sunday or legal holiday shall exten~ to 5:00 p.m. of the next business day. ~ H. Documents for Closing: Seller shall furnish ~eed, bill of sale, mechanic's lien affidavit, assignments of leases, tenant and mortgagee estoppel letters, and corrective instruments. Buyer shall furnish closing statement, mortgage, mortgage note, security agreement, and financial statements. I. Expenses: Documentary stamps on the deed shall be paid by Seller. J. Prorations~ credtts: Taxes, assessments, rent, interest, insurance and other expenses and revenue of property shall be prorated through day before closing. Buyer shall have the option to taking over any existing policies of insurance, if assumable, in which event premiums shall be prorated. Cash at closing shall be increased or decreased as may be required by prorations. Prorations will be made through day prior to occupancy if occupancy occurs before closing. Advance rent and security deposits w~ll be credited to Buyer and escrow deposits held by mortgagee will be credited to Seller. Taxes shall be prorated based on the current year's tax with due allowance made for maximum allowable discount,homestead and other exemptions. If closing occurs at a date when the current year's milage is not fixed, and current year's assessments is available, taxes will be prorated based upon such assessment and the prior year's milage. If current year's assessment is not available, then taxes will be prorated on the prior year's tax. If there are completed improvements on real propeny by January 1st of year of closing which improvements were not in existence on January 1st of the prior year then taxes shall be prorated based upon the prior year's milage and at an equitable assessment to be agreed upon between the parties, failing which, request will be made to the County Property Appraiser for an informal assessment taking into consideration available exemptions. Any tax proration based on an estimate may, at 1~/o~/oo. t~ED 10:37 F~ 5~1 278 4755 DEL BCH CTY ATTY ~0o~ request of either Buyer or Seller, be subsequently readjust~ upon receipt of tax bill on condition that a statement to that effect is in the closing statcmenC K. .Special Assessment Liens: Certified, confirmed and ratified special assessment liens as of date of closing (and not as of Effective Date) are to be paid by Seller. Pending liens as of date of closing shall be assumed by Buyer. If the improvement has been substantially completed as of Effective Date, such pending lien shall be considered as certified, confirmed or ratified and Seller shall, at closing, be charged an amount equal to the last estimate of assessment for the improvement by thc public body. L. Insl~ection, Reoair and Maintenance: Seller warrants that, as of ten (10) days prior to closing, the ceiling, roof (including the fascia and soffits) and exterior and interior walls do not have any VISIBLE EVIDENCE of leaks or water damage and that the septic tank, pool, all major appliances, heating, cooling, electrical, plumbing systems and machinery are in WORKING CONDITION. Buyer may, at Buyer's expense, having inspections made of those items by an appropriately Florida license person dealing in the construction, repair or maintenance of those items and shall report in writing to Seller such items that do not meet the above standards as to defects together with the cost of correcting them, prior to Buyer's occupancy or not less than ten (10) days prior to closing, whichever occurs first. Unless Buyer reports such defects within that time Buyer shall be deemed to have waived Seller's warranties as to defects not reported. If repairs or replacement are required, Seller shall pay up to three percent (3%) of the purchase price for such repairs or replacements by an appropriately Florida licensed person selected by Seller. If the cost for such repairs or replacement exceeds three percent (3%) of the purchase price, Buyer or Seller may elect to pay such excess, failing which either party may cancel this agreement. If Seller is unable to correct the defects prior to closing, the cost thereof shall be paid into escrow at closing. Seller will, upon reasonable notice, provide utilities service for inspections. Between the effective date and the closing, Seller shall maintain property including but not limited to the lawn and shrubbery, in the condition herein warranted, ordinary wear and tear excepted. Buyer shall be permitted access for inspection of property prior to closing in order to conftrm compliance with this standard, t M, Risk of Loss: If the property is damaged by fire or other casualty'before closing and cost 9f restoration does not exceed the purchase price of the property so damaged, cost of restoration shall be an obligation of the Seller and closing shall proceed pursuant to the term so the agreement with restoration costs escrowed at closing. If the cost of the restoration exceeds three percent (3%) of the assessed valuation of the improvements so damaged, Buyer shall have the option of either taking property as is, together with either the three percent (3%) or any insurance proceeds payable by virtue of such loss or damage, or of canceling the agreemem and receiving return of deposit(s), N. Escrow: Any escrow agent ("Agent") receiving funds or equivalent is authorized and agrees by acceptance of them to deposit them promptly, hold same in escrow and, subject to clearance, disburse them in accordance with terms and conditions of agreement. Failure of clearance of funds shall not excuse Buyer's performance. If in doubt as to Agent's duties or liabilities under the provisions of agreement, Agent may, at Agent's option, continue to hold the subject matter of the escrow until the parties mutually agree to its disbursement, or until a judgment of a court of competent jurisdiction shall determine the rights of the parties or Agent may deposit with the clerk of the circuit court having jurisdiction of the dispute. Upon notifying all parties concerned of such action, all liability on the part of Agent shall fully tcrminate, except to the extent of accounting for any items previously delivered out of escrow. If a licensed real estate broker, Agent will comply with provisions of Chapter,475, F.S. (1997), as mended. Any suit between Buyer and Seller where Agent is made a party because of acting as Agent hereunder, or in any suit wherein Agent interpleads the subject matter of the escrow, Agent shall recover reasonable attorney's fees and costs incurred with the fees and costs to be charged and assessed as court costs in favor of the prevailing party. Parties agree that Agent shal[~ not be liable to any party or person for misdelivery to Buyer or Seller of items subject to this escrow, unless such misdelivery is due to willful breach of contract or gross negligence of Agent. , O. Failure of Performance: If Buyer fails to perform this Contract within the time specified (including payment of all deposit(s)), the deposit(s) paid by Buyer may be retained by or for the account -4- *z,o~u. ~o 10:dS PA.A ~1 278 47~5 DEL BCH CTY ATTY [~006 of Seller as agreed upon liquidated damages, consideration for the execution of this Contract and ih full settlemem of any claims; whereupon, Buyer and Seller shall be relieved of all obligations under Contract; or Seller, at Seller's option, may proceed in equity to enforce Seller's rights under this Contract. If, for any reason other than failure of Seller to make Seller's title marketable after diligent effort, Seller fails, neglects or refuses to perform this Contract, the Buyer may seek specific performance or elect to receive the return of Buyer's deposit(s) without thereby waiving any action for damages resulting from Seller's breach. P. Agr_eement Not Recordable; Perm)as Bound~ Notice: Neither this agreement nor any notice of it<shall be recorded in any public records. This agrecmem shall bind and cnure to the benefit of the parties and their successors in interest. Whenever the context permits, singular shall include plural and one gender shall include all. Notice given by or to the atwrney for any party shall be as effective as if given by or to that parly. Q. Conveyance~: Seller shall convey the property by way of Warranty Deed subject to an easement for any utilities that may exist and lie on the property. R. Other Agreements: No prior or present agreements or representations shall be binding upon Buyer or Seller unless included in this Contract. No modification or change in this Contract shall be valid or binding upon the parties unless in writing and executed by the party or parties intended to be bound by it. S. Warranties: Seller warrants that there are no facts known to tSeller materially affecting the value of the real property which are not readily observable by Buyer or which have not been disclosed to Buyer. BUYER: City of Delray Beach SELLEI~. /~-~/ A By: By:. Walter Hahn [ Mayor, David Schmidt ~~~~/< ATTEST: ~j, ' ~-- By: "~Gc°rg~me T. Hahn City Clerk Approved as to Form: By: City Attorney State of Florida i County of Palm Beach The foregoing instrument was acknowledged b~fore me this day of 200_ by WALTER HAHN, who is personally known to me or who has .(type of identification) and who did (did not) take an oath. produced Signature of Notary Public- -5- 12/06/00. . .- WED 10>40 FAK ~61 278 4755 DEL BC__H CTY ATTY ~007 State of Florida State of Florida County of Palm Beach The foregoing instrument was acknowledged before me this day of , 200_ by GEORGINE T. HAHN, who is personally known to me or who has produced .(type of identification) and who did (did not) take an oath. Signature of Notary Public- Stat~ of Florida